business responsibility report - welspun india...welspun india limited (wil) is one of the world’s...
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82 | Annual Report 2018-19
Generating impact, imbibing responsibility
Welspun India Limited (WIL) is one of the World’s leading home textile manufacturers with a diversified brand portfolio and a robust global distribution network present in more than 50 countries and a strategic partnership with leading global retailers.
This report captures WIL’s approach to its business responsibilities covering aspects such as ethics and integrity, social inclusion, environment, customer services, human resources and community engagement, human rights and supply chain.
Business Responsibility Report
Our vision
“Delight our customers through innovation and technology, achieve inclusive and sustainable growth to remain eminent in all our businesses.”
Our differentiators
Leading market player with a wide product range.
Vertically integrated presence with significant capabilities
Global distribution network with marquee clients
Diversified brand portfolio
Track record of innovation
Consistent financial performance record
What business responsibility means to us?
Governance
We have implemented the highest standards of corporate governance with adequate systems and policies to secure ethical business practices and processes.
Customer centricity
Our goal is to provide our customers with great experience by delivering high quality designs and solution, and maintaining healthy relationship.
Empowering our people
We work as a team with a shared sense of purpose towards a common goal and we provide our people an enabling environment in which they can maximize their potential and learning.
Protecting the planet
We are mindful of our responsibilities with respect to minimizing environmental damage through our business operations.
Creating healthy communities
Our community impact interventions are carried out through Welspun Foundation for Health and Knowledge (WFHK), which is active wherever we have a business presence.
Collaborating with stakeholders
Through regular formal and informal engagements, we develop mutually beneficial relationships with our stakeholders.
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Our aim is to inspire our investors by achieving excellence in implementing a transparent governance framework enabled through timely disclosures and digitization of processes and setting trends for a sustainable future thereby enhancing our value chains.
WIL strongly believes that the spirit of corporate governance stretches beyond statutory acquiescence and we are committed to ensuring that our operations are carried out in an environment built upon trust, fairness and responsibility.
Our Corporate Governance framework is designed to ensure transparency and accountability at every level of the organization as per the Indian Companies Act, 2013. The management strives to enable growth, profitability, stability and sustainability across our businesses in an equitable manner.
The Board of Directors
Overall accountability for business performance across economic, environmental and social dimensions lies with the Board members. The Board also acts as a trustee and is responsible for protecting the rights of the Company, its members and other stakeholders. Together, they formulate strategies, policies & goals, keeping in mind the vision, mission & values, integral to WIL’s success. The Board meets at regular intervals and formal schedule of matters, specifically reserved for its consideration.
The Directors, through their participation in board meetings provide direction to management from their relevant fields of knowledge and expertise. They are responsible for designing a long term strategy and ensuring innovation and strong operational performance.
The Board performs the following key functions:
• Reviews the business strategy and operational plans developed by management
• Provides oversight on corporate governance practices
• Monitors and reviews management performance
• Reviews the risk management approach
• Discharges statutory or contractual responsibilities
• Oversees the reliability of external communications
• Oversees the process for compliance with laws and regulations
Ensuring transparency, enabling governanceWe firmly believe in being transparent and implementing the highest standards of governance through fairness, ethics, accountability and professionalism, thereby building trust and confidence amongst our stakeholders.
• Monitors and reviews the Board Evaluation
framework
The Board comprises of eight members who bring
significant experience and expertise in the field of
finance, account, legal, general management and
business strategy. At present the board has four
independent Director and two female Director.
Committees of the Board
The Board’s various committees comprises members
of the Board of Directors and is responsible for
carrying out specific functions assigned by the Board.
The Board Committees focus on specific areas
and make informed decisions within the authority
delegated. The Committees also make specific
recommendations to the Board on various matters
whenever required. The Board takes a final call on
the recommendations of the Committees after
considering all the relevant aspects.
At WIL, there are four committees:
• Audit Committee
• Nomination and Remuneration Committee
• The Stakeholders’ Relationship, Share Transfer
and Investor Grievance Committee
• Corporate Social Responsibility Committee
Detailed of the committee and it’s members are
available on the website.
Ethical business conduct
Ethical conduct of business is at the heart of our
business and operations. We follow a zero tolerance
policy for disruptive behavior and are committed to
highest standard of ethical, moral and legal business
conduct.
Whistle Blower Policy
We have implemented a Whistle Blower Policy to
encourage open communication and create a platform
for stakeholders to make protected disclosures to the
Chairman of the Audit Committee.
A “Whistle Blower Policy” enables employees, partners
and business associates to raise a concern against
any malpractices (such as unethical conduct, fraud,
corruption, breach of copyright etc.) undertaken in the
firm through a systematic process. The stakeholder
can report any legitimate concern through email.
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We also have a Human Rights Committee formed at
all the locations to report the complaints raised by the
employees and tracks the status on a monthly basis.
Code of Conduct (C0C)
We believe in incorporating Human Rights in the day
to day functioning of the Company to ensure a free,
fair and non-discriminatory work place environment. To
accomplish the same, we have relevant policies and a
CoC in place. The CoC lays down guidelines on ethical
business conduct for our business practices. All the
Board members and senior management personnel
affirm to the compliance requirements of the CoC each
year.
Prevention of Sexual Harassment (PoSH) Policy
Providing a safe and conducive workplace to all
our employees is our utmost priority. We have an
employee grievance mechanism that raises grievance
arising from their employment. Also, to encourage
healthy work environment, we are committed to
following the laws and regulations pertaining to
the protection of employees. In this regard we have
adopted a Prevention of Sexual Harassment (PoSH)
Policy in accordance with the Sexual Harassment of
Women at the Workplace (Prevention, Prohibition
and Redressal) Act, 2013. All our employees are
trained and informed on the functioning of the
Internal Complaint Committee where they can report
any unwelcoming sexual advances, requests for
sexual favours or other verbal or physical conduct of
sexual nature.
Risk Management
We acknowledge the risks that we are exposed to
across all our business functions. To mitigate these
risks, the Board has formulated a well-structured
Enterprise Risk Management (ERM) framework.
The key objective of ERM framework is to identify
the risks, assess them and take precautionary actions
in advance. ERM effectively governs and addresses
financial, operational, business, regulatory, compliance
and strategic risks.
We also identify our environmental risks and
opportunities, which are integrated in the ERM
framework. We have a robust environment
management system in place at all our facilities. All
our company’s facilities are ISO 14001 and OSHAS
18000 certified.
Embedding sustainability
Sustainability at Welspun is about creating value. It is about changing the paradigm of how we operate our business and understand our stakeholders’ expectations. We believe in responsible business that contributes positively towards Environment, Social & Governance.
Recognizing that our stakeholders have varied expectations that extend beyond financial goals and legal requirements, we have consistently made efforts to integrate sustainability within our operations to create long-lasting value for all.
Our initiatives such as water management, energy efficiency and emission management have not only created an impact to the environment but also have benefitted the business and our stakeholders.
Sustainable Production
WIL is committed to sustainability and we focus on designing production cycles that minimise resource use and maximize recycling opportunities.
Some of our key sustainability initiatives include:
1) Life Cycle Assessment (LCA) to help us identify improvement opportunities and align product design and innovation towards reducing environmental impacts from cradle to grave
2) Global Organic Textile Standard (GOTS) to ensure textile products are manufactured in an organic way, right from the harvesting of raw materials to manufacturing processes, and3) OEKO-TEX® Standard 100 certified and follow the REACH regulations that restrict the use of harmful substances in our manufacturing processes.
WIL has undertaken several initiatives to manage the amount of energy and water used across during production.
The table below lists our products with sustainability features embedded into them:
Value Addition
Product Category
Sustainability Features
Organic / Fair Trade
Towels, Sheets, Rugs
Sustainable farming practices
Better Cotton Initiative
Towels, Sheets, Rugs
Cotton from sustainable sources
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Value Addition
Product Category
Sustainability Features
Natural Towels, Sheets, Rugs
Chemical free
Ecolon Drylon Bath Rugs No water is used during processing
Recycled Polyester
Bath and Area Rugs
Environment friendly – recycled
Cotton / Recycled Poly Blend
Sheets Environment friendly - recycled
100% Recycled Micro Fibre
Bath Rugs 100% recyclable synthetic product
Spun Rugs, Deck Pillows, Cushions, Quilts
Women empowerment and livelihoods, conservation of traditional crafts, waste to wealth
Leading the way with innovative practices
• ‘Wel-Trak’ which can trace back finished product to its original source of raw material. Streamlining our supply chain, this cutting-edge traceability process allows tracking cotton from the farm to the store shelf using a combination of RFID, barcodes and QR Code Scanners integrated with ERP Systems.
• Waste Water Treatment Plant which is known as Sewage Treatment Plant (STP) that helps in conserving and recycling water, which has minimised dependency on the Narmada River for fresh water by 85%.
• The STP treats all the sewage from Anjar & Gandhidham Adipur and uses this water for our industrial use.
Responsible supply chain practices
We have been at the forefront of adopting smart and sustainable sourcing conducts in our supply chain. For the same, we have collaborated with suppliers with an aim to achieve synergetic benefits through lower transportation costs, lower inventory, faster working capital cycle and recycling of packaging.
Our association with Better Cotton Initiative’s vendors has helped us to procure cotton from responsible sources that enables reduction of environmental impacts from cotton production and improvement of socio-economic status of communities residing in cotton production areas. An agreement with Cotton Egypt Association is also one of our key association which involves the use of Egyptian Cotton Logo till 2022.
To ensure effective implementation of the sustainable sourcing practices in our supply chain we make sure that all our supplier locations are SA 8000 certified, our vendors are assessed on a regular basis on their social and environmental performances and we organize annual supplier meets to discuss and strategize on our environmental and social goals.
With an emphasis on technology through Data Analytics and Vendor Managed Inventory Support, our focus remains on enhancing product differentiation. Our integrated systems help us manage our supply chain and provide real-time information to customers, enhancing our pro-retail approach.
Some of our other initiatives to promote sustainable sourcing include:
• Our vendor evaluations and supplier audits consist of social and environmental aspects
• For some of our customers (e.g. IKEA), we have incorporated stringent standards and assessments to evaluate suppliers on environmental, social, governance and safety aspects.
• All locations are SA 8000 certified and we make our suppliers aware its performance criteria which includes - child labour, forced labour, freedom of association and collective bargaining, health and safety, discrimination, disciplinary practices, working hours and remuneration.
• Annual supplier meets are organized, where we emphasize our environmental and social expectations.
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Our stakeholder driven focus is what secures our success and makes us a partner of choice and we strive to ensure providing value in all our services.
In our Welspun 2.0 transformation customer centricity
is one of the four critical elements. Our journey from
being a process oriented to a customer-friendly
organization. That is through a host of service
improvement, awareness generation, engagement
enhancement and satisfaction measurement projects
undertaken by our dedicated customer services
department.
Innovative quality products
Our stakeholders demand better and more innovative
products, we are strengthening our capacities and
capabilities to be at pace and with changing times.
Our products are made specifically to cater to the
demands of our customers.
Certain requirements on product use and specifications
of the product are clearly mentioned depending
on the customer base to which the product caters.
Furthermore, customers are kept informed on wash
and care requirements. For our environmentally
friendly products we also disclose the environmental
footprint of the product.
We focus on quality, compliance and innovation to
consistently develop our products. Our products are
present in over 50 countries and we will continue to
explore new markets and engage with more customers
to create sustainable value.
Innovation is a key differentiating factor for Welspun.
We have developed many unique patented products,
some of which are listed below:
1. Charcoal infused yarns for towels and bedsheets
are anti-microbial and controls odor which are
easier on skin.
2. Organic and BCI cottons are to be introduced in
all our products.
3. Wel-Track is another patented traceability system
developed by us. This innovative technique traces
textile production at every stage. Therefore,
allowing our customers and end users to trace
any Welspun-made products back to its source.
We have our own innovation lab and we collaborate with different institutions (university), technology
Creating value, delighting customersOur focus on quality ensures that we keep our stakeholders highly satisfied and create healthy and sustainable relationships with them.
partners and industry associations to develop new
products and processes.
As we continue to explore new markets, we will
continue to fulfill our customer needs in an innovative
way.
Caring for the customer
We engage with our customers on a regular basis at
operational and strategic levels. We assess the needs
of customers when creating our products and their
feedback has been extremely valuable during product
development and design.
We have incorporated technology to enable seamless
consumer/customer interactions. Our two way
communication process known as “Interactive Zone”
enables customers to conduct a detailed analysis of
our product’s performance.
Our customer interface teams are always at the forefront
of providing assistance on product development,
innovation, timely delivery and addressing customer
grievances. To meet our changing needs of our
customer a robust customer feedback system is in
place.
Customer relationship
Being proactive in responding to the requirements of
the customer is the need of the hour in an emerging
competitive environment. It strengthens customer
trust of the brand and act as a base for developing
long lasting healthy relationships with them.
For our customers to have a seamless experience
when engaging with us and using our products, we
provide adequate information about the specifications
and requirements pertaining to product use through
our product labels. We keep them informed about the
wash and care requirements and also environmental
credentials like OEKO-TEX Standard 100, GOTS and
the Organic Content Standard.
Improving our distribution channels
WIL is building an Omni-channel strategy to
serve its end customers. We relentlessly work
on improving the channels of distribution of our
products. Recently, we refined our focus on new
channels, including e-commerce and hospitality
segments. In the e-commerce segment, WIL serves its
customers through its own online portal, e-commerce
marketplaces as well as brick and mortar retailers.
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Our people have access to continuous training and skill enhancement opportunities to help them build lasting careers thereby enabling win-win situation for us and our people.
Our dynamic and diverse workforce is not only a key asset for WIL but also a significant player in strategizing and shaping our long term growth plans.
Nurturing our family
We are a family of 21,514 permanent employees as on 31st March, 2019.
WIL is committed to building a workforce by being fair, transparent and accountable. Our way of managing people and delivering supportive policies enables our organization to maximize our employee potential.
We also believe in empowering our workforce. Hence several initiatives are taken such as generating role driven responsibilities where work allocation is done by roles and not by designations thereby enabling accountability in the work and performance.
We are committed to providing an enabling work environment for our employees to help them in achieving their individual career goals as our organization reaches new heights. Young and high potential employees play important role in shaping our future success hence opportunities for them to be further trained internally and helping them move to different roles of their choice thereby not seeking talent externally more.
Employee engagement, training as well as career development are strategic imperatives for us, bearing a direct impact on service delivery and customer satisfaction.
At WIL, constant effort is made to align employee expectations with business requirements. As a result, a communication and feedback mechanism is delivered through an app – Amber the technology that enables employee communication to the next level - employee development. A need for various training and development initiatives were felt across business verticals. The HR team has launched an approach to customize employee development goals through E-Gurukul and skilling initiatives.
Engaging Talent
Our people are integrated into our culture through extensive training programs, targeting knowledge, skill enhancement, attitudinal and behavioural aspects.
Empowering people, nurturing talentEmpowering our people
Our policies, systems and structures are in place to ensure responsible business practices across our value chain. Our people work as a team and our systems enable an environment where they can maximize their potential.
Our approach to people management continually cultivates leadership qualities and encourages employees to learn and explore at all stages, to enable them to be the leaders of tomorrow. Learning is a vital part of our culture, and we believe that it is best achieved through observation, experimentation and reflection. At WIL, our training and development programme is aligned with the development needs of our people and our business goals
In FY 2018-19, all training sessions for employees were routed through Success Factors (SF). To understand the training requirement of individual, psychometric tests are conducted. To meet the specific needs of each individual, training needs were identified and Individual Development Plan were prepared for each team member. Customized programs were launched with new training techniques like Simulation, Role Plays, Outbound trainings etc. Team wise skill directory was also framed based on competency framework to set standard skillset requirement for the business.
At the plant level, programs for supervisory staff were launched and executed and at the Head Office, a series of learning interventions were initiated through ‘Corporate Studio’. Varied range of programs like Impactful Communication, Personal Brand Management, Negotiation Skills, Presentation skills, Time Management, Interpersonal Skills, Business Etiquettes etc. were covered. Behavioural training workshops were also initiated at the worker level.
The Welspun Leadership Academy focuses on enhancing the leadership skills through interventions like business projects, immersion experiences at Indigo, Oberoi & Myntra.
We have also focused on developing the professional etiquette and communication skills among our employees through our training program on “Enhance your executive presence.” The training is aimed at building business professionalism among employees through which they can communicate and sell their ideas with clarity and force.
Our ‘HRIS WAR – Room’ project launched in Anjar was successfully executed redefining enterprise and personnel structure and mapping success factors production system.
Engaging with our employees
WIL pursues the highest standards of employee engagement by imparting their workforce with requisite skills training and providing resources
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essential to perform their job functions, thus reinforcing an environment of excellence through learning and development. As an equal opportunity employer, we believe in meritocracy. To this end we have instituted a fair and an objective system to evaluate our people’s performance, ensuring that it is aligned with our broader strategic objectives and operational goals. We believe in engaging with our employees through open and interactive channels of communication.
During the year, we have undertaken a number of employee engagement activities to connect with our employees better and strengthen our relationship of trust. Our open communication forum allows our employees to have an interface with the leadership team.
Over the year, we focused on Value dissemination amongst the employees with various initiatives like Leadership Talks, Quizzes, Nukkad Natak, Skits, posters, etc.
Examples of unique employee engagement initiatives include the following:-
• Generating role driven responsibilities for employees - In Welspun, work allocation is done as per roles and not designations which results in creating accountability in them towards their work and performance.
• Showing growth- pass for young and high potential employees – Identifying high potentials and develop individual development plan and provide them with trainings to fulfill their needs. We also look for job rotations if we move a candidate to a higher role and provide them with exposure if needed, for other areas.
• Recognizing internal talent and providing opportunity for role transfers- To unlock hidden talent of the organization, internal mobility is encouraged. For our key roles we prefer giving opportunities internally at Welspun rather than getting talent externally.
• Communication and Feedback via Amber- Amber is an artificial intelligence tool which interacts with employees on a regular basis taking feedback from them on various aspects perta.
TABLET (Take A Break Let’s Enjoy Together): Under this initiative a global committee is formed to encourage employee participation in important festivals that are celebrated according to the geographies, events such as World Environment Day, Women’s day etc. These activities encourages employees, motivates them
to perform well and brings a festive culture at the workplace.
• POSH sensitization workshop was conducted for members on conducting investigation – Since new members were added to the committee; a sensitization workshop was conducted on how to conduct investigation, laws and regulations information on the same were provided to its members during the workshop
Diversity and inclusion
We believe that a strong team is a combination of people with different skills and values. We encourage diversity at WIL because it broadens the scope for innovation within the Company, facilitates better decision making, enhances the talent pool of the company and augments the knowledge about different geographies and culture. We always encourage varied talent in the company and one of our initiative in creating an inclusive culture is to train specially-abled associates and encourage them to work at par with all our employees.
We concentrated on sensitization programs, multiskilling, and better welfare facilities like accommodation for our specially-abled employees and incorporated them with all the facilities and support that enables them to grow with us.
Respecting human rights
We consider human rights as articulated in the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work, the United Nations Global Compact to be inviolable. We are committed to respecting the rights of individuals and treat our people with trust, respect and dignity. With a view to promote the rights of our people and enable a decent and ethical work place, our locations are SA8000 certified.
Occupational health and safety
We are conscious about the health and safety risks that our workplace is exposed to and we give utmost importance to the safety of our employees. We are committed to maintain a zero harm workplace.
All our facilities are Occupational Health and Safety Assessment Series (OHSAS) 18001 certified. In addition to it, we are OEKO-TEX® Standard 100 certified and follow the REACH regulations that restrict the use of harmful substances in our manufacturing processes. We provide timely training to our employees, contractors, sub-contractors and other agencies with respect to our safety protocols and expectations.
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All our facilities have robust environment management systems in place, which are ISO 14001 certified to ensure environment friendly operations. In addition, our facilities in Anjar and Vapi are OEKO-TEX® Standard 100 certified and are designed with an environmentally sensitive approach.
We conducted a Life-Cycle-Assessment (LCA) for all our product categories i.e. Towel, Sheets, Rugs and Comforter to understand the impact of these products on the environment throughout its entire value chain. The assessment helped us to identify the potential environment impacts and plan mitigation measure/alternate for the same.
Environmental Management Systems
We have a robust environmental management system in place that helps in efficiently channelizing our energy consumption. All our facilities are ISO 14001 certified. Moreover, our facilities in Anjar and Vapi are OEKO-TEX® Standard 100 certified and are designed with an environmentally sensitive approach.
We have undertaken initiatives to manage and minimize our footprint, control energy consumption across our operations, manage our emissions, manage use of fresh water and waste management.
Water Management
We have reduced our dependency on Narmada River for fresh water by installing 30 MLD Waste Water Treatment Plant (STP). In this facility, we process waste water from neighboring areas and ensure that more fresh water is available for intake for surrounding communities. About 85% of the water recovered from the STP is used at the Anjar plant. Also, we have been able to reduce water pollution and related health risks. Through our unique sustainable model we have increased the availability of fresh water for irrigation and daily usage in the nearby villages.
We believe in conventional ways of saving water in our day to day practices. For this purpose, it’s important to ensure that the natural water is utilized in an efficient ways. We carry out rain water harvesting of approximately 75%-80% of rain water falling in our areas. In textile production, we are independent of fresh water requirement and utilize 100% recycled water.
Energy Efficiency and saving
Efficient utilization of energy as a resource is one of the key areas for intervention. We have a premeditated
Valuing resources, conserving environmentWe are mindful of conducting our business activities in an environmentally responsible manner and we focus on reducing our environmental footprint across the value chain.
process in place to ensure that energy consumption at our Vapi and Anjar facilities monitored and managed. Some of the measures include periodic energy audits, proactive maintenance of equipment, upgrading technology and process redesign. Through our continuous effort to improve energy efficiency in FY 2018-19 cumulatively, we have saved 11.33 GWh/year and avoided operational costs by INR 82.86 million/year.
At Anjar and Vapi, we have reduced our coal consumption by implementing various projects such as hot water recovery, pipeline and steam line modifications. This has eliminated the need for 3785 MT of coal and avoiding INR 144.5 lakhs of operational costs.
Chemical Management
We use chemicals responsibly and safely. Our production and manufacturing processes at Anjar and Vapi follow the European Union’s REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) regulations, which are aimed at protecting human health and the environment from the risks posed by chemicals.
To reduce our chemical consumption, we are actively working on reducing the consumption of soda ash, used in our processes for fixing of reactive dyes. For our bedsheets, we use bio-scouring, which replaces chemicals with enzymes in the process of de-sizing and pre-treatment of cotton fabric. We strictly abide by the Restricted Chemicals List (RCL) and Manufacturing Restricted Substance List (MRSL) to avoid the usage of any hazardous chemicals in our manufacturing processes.
Waste Management
We have a diligent waste management system to ensure effective reduction, storage and safe disposal.
We reuse the waste generated in our premises, in our other business operations.
• In our Anjar factory, food as well as horticulture waste is converted into biogas which is used as fuel for cooking in our canteen.
• Furthermore, at our Vapi factory, food waste from canteens is converted to manure for plants.
• We utilize the fabric waste as a replacement for packaging bags for covering products like pillow cases and bed sheets.
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• We have initiated the recycling of waste paper and PET bottles in our corporate office.
Our office staff are encouraged to dispose of their e-waste at designated collection bins in our offices to ensure that it is sent to authorized vendors for disposal.
Our waste disposal is carried out by appropriate methods and is further directed to authorized channels or recyclers.
As part of Swachh Welspun Abhiyan, we encourage our people to incorporate better waste management systems, better hygiene standards, environment
management and sanitation systems at work and at home.
As part of this program every Welspun member has pledged to inculcate the habits prescribed under the Swachh Welspun Abhiyan. We conduct workshops on clean environment and its various aspects through our training programs and promotional activities, which include skit performances, essay/slogan competitions, newsletters, sworn oaths and exhibitions.
Through this we have tried to create a dialogue in the areas of clean habits, zero discharge, workplace management, recycling or reusing and sanitation and tree plantation.
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Our corporate social responsibility (CSR) approach transcends the core pillars of sustainable development and is rooted in strengthening educational foundation, improving access to healthcare services, empowering people and conserving the environment.
Welspun impacts lives by working with our communities through a diverse range of social interventions that aimed at securing stable and sustainable futures. Our CSR activities are carried out through Welspun Foundation for Health and Knowledge (WFHK), which works across a diverse spectrum spanning sustainable livelihood, hygiene and sanitation, health, education and gender. We have a corporate social responsibility (CSR) policy which is overseen by the CSR committee of the Board. In line with our CSR policy, we undertake activities that are aligned to Schedule VII of Companies Act, 2013.
Social impact strategy
WFHK engages with local stakeholders, through a consultative and collaborative approach to identify community needs and design programmes that engage, empower and inspire visionary futures.
Local Stakeholder Engagement is extremely important and in most of our project centres we have successfully managed to integrate with and develop mutually beneficial relationships with them by supporting innovative programmes in health, education, environment, as well as cultural and civic projects.
We take utmost care to integrate community investment considerations into decision-making and business practices and assist in local capacity building to develop mutually beneficial relationships with communities. Prior to the commencement of projects, we carry out a baseline study to assess the needs of the communities. Quantified targets are set for all projects and are monitored every quarter. Wherever necessary, midcourse corrections are carried 0ut.
Focus areas and interventions
Our focus areas include:
• Promoting Education:
We aim to digitalize government schools and impact the lives of over 1 lakh children. So far the program has been initiated in three districts of Gujarat, wherein 116 schools have been benefitted. We have completed installations in about 221
Impacting lives, creating sustainable communitiesWe work closely with the underserved communities to improve the quality of life and catalyze change in the communities where we operate. Our community impact interventions are carried out through Welspun Foundation for Health and Knowledge (WFHK).
classes and trained 961 teachers. More than 55,000 children have been impacted through this program which focuses on making classroom sessions interactive and creating a conducive learning environment.
• Women empowerment:
Our focus has been on enabling women to create alternative livelihoods and improve their earning capacities. Economic independence amongst women improves gender equality, advances their social status and increases civic participation.
Our project on supporting sportswomen across the country is one of the key focus areas under empowerment. The foundation financially supports 14 potential girls, which includes specially-abled women from various disciplines of sports, coming from challenging backgrounds and lends a hand in making their dreams come true of making our nation proud.
Another special project under empowerment is to encourage menstrual hygiene management in rural and urban communities. In order to empower village women by providing them with an opportunity to earn livelihood and ensuring 100% usage of sanitary pads in rural communities of Gujarat, a sanitary pad making unit making 100% biodegradable napkins was set up, moreover a livelihood program was incorporated at Anjar.
In order to empower village women by providing them with an opportunity to earn livelihood and ensuring 100% usage of sanitary pads in rural communities of Gujarat, a sanitary pad making unit making 100% biodegradable napkins was set up, moreover a livelihood program was incorporated at Anjar that not only focuses on creating access to sanitary pads for women but also informs them about safe menstrual management. The program covers 20 villages wherein 48 Women Entrepreneurs are developed to create an awareness about menstrual hygiene and sell sanitary pads to earn a living.
• Environmental conservation:
Recognizing concerns over climate change, we strive to reduce our environmental footprint and mitigate our emissions through tree plantation. Over 24,000 saplings were planted in Anjar and our tree plantation activities are designed for multiple benefits to the natural environment
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and our rural communities. Residents are also
encouraged to nurture saplings and plant them
near their homes.
About 5000 sanitation blocks have been
constructed to ensure cleanliness and prevent
infections and diseases in the villages where
we operate.
• Health:
We aim to eradicate malnourishment amongst
children, adolescent girls and women, project
‘Navchetana’ was launched across 15 villages of
Anjar and Vapi. A mobile ambulance has also
been launched that visits four villages a day and
covers 17 villages in the rural areas of Anjar and
has benefitted over 15,000 people.
• Model villages:
We aim to promote a modern vision for villages in
India, where they are sustainable rural community
that is able to generate and maintain the resources
necessary to improve its level of wellbeing and
happiness without depleting economic, social &
environmental values. A ‘Model and Sustainable
Village’ would provide communities with employment, while creating ancillary livelihood opportunities leveraging technologies and green growth opportunities. By 2020, we commit to working together with 5 villages to implement replicable smart solutions, that not only empower a better way of life, but also secure a healthier environment for residents by promoting greener living.
Project monitoring mechanisms
Quarterly review meetings with the management includes updates on CSR initiatives, activities’ impact and strategies to achieve the target. Two Corporate Social Responsibility (CSR) Committee meetings are held in a Financial Year. First meeting is held to determine 2% target and programs identified for spending against the target. The second meeting is a mid-year review.
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Our success mainly depends on the satisfaction levels of our stakeholders and engaging with them helps us establish and maintain an inclusive relationship with them. While the inputs from our stakeholders help us understand their needs and expectations, addressing their concerns help us to establish lasting partnerships.
We adopt different processes for engaging with our internal and external stakeholders. Post the engagement, we endeavor to close the loop as we believe that this is the key to maintaining symbiotic relationships with our stakeholders.
Refer to the next page for a detailed table listing of our key stakeholder groups, modes of engagement, their key concerns and our responses.
Key collaborations and partnerships
WIL is committed to embrace collaboration both within and outside the Company.
• Welspun is an Alliance Member of the Well Living Lab, in collaboration with Delos and Mayo Clinic. It’s one of the first labs exclusively committed to researching the real-world impact of the built-environment on human health.
• Cotton Egypt Association (CEA), an agreement signed with Cotton Egyptian Covers, which is a joint marketing initiative to promote the logo that will help enhance the complete supply chain of the Egyptian Cotton starting from cultivation to the final product, which will also benefit the Egyptian farmer. The Cotton Egypt Association has granted the Company the ‘Gold Seal’ certification and the right to use Egyptian Cotton logo for five years until 2022.
Connecting with stakeholders, increasing impactWe firmly believe that meeting the needs of our stakeholders brings us success, hence through our inclusive participatory approach we address their key concerns.
• Better Cotton Initiative, it is the largest farmer of Supima Cotton
• In collaboration with Walmart, WIL began the ‘SWASTI Foundation’ for training and empowering women. In line with the Government’s ‘Swachh Bharat Mission’, we initiated the ‘Swachh Welspun Abhiyan’ to provide hygiene standards, waste management, environment management and sanitation systems across Welspun Group.
Responsible policy advocacy
We believe that driving change and taking efforts towards effective policy development fosters industrial growth. WIL prefers to be a part of the policy development process and hence, actively participates in all forms, but has not been lobbying on any specific issue.
We are a part of a number of associations that enable value addition to the textile industry:
• Federation of Indian Chambers of Commerce and Industry (FICCI)
• YPO-Young President’s Organization
• The Associated Chambers of Commerce of India (ASSOCHAM)
• Indian Merchants Chamber
• TEXPROCIL
• SRTEPC
Through our representation in the above mentioned bodies, we participate in relevant forums that are of interest to our industry and our stakeholders. All such engagements are done in line with our code of conduct.
94 | Annual Report 2018-19
As part of our stakeholder engagement process, we identified the following key stakeholder groups:
Identified Stakeholder Group
Mode of Engagement & Activities
Key Concerns Our Responses
Investors Quarterly investor meetings Economic value of the company Collaborating with investors through various business forums
Presentations Sustainable wealth creation
Investor relation calls Risk management
Compliance and disclosures
Government and regulators
Engagement on a need basis Compliance Active collaboration and participation with regulatory agencies
Participation in industry level consultation groups
Sustainable practices
Participation in forums Inclusive growth
Employees Employee surveys Professional growth HR initiatives to counsel, motivate and reward employees.
Committed to achieving the goal of 20% women in the workforce by 2020
Team building workshops Diversity at the workplace
Capacity building and training Leadership connect sessions
Annual appraisals Workplace safety
Employee newsletters Equal opportunities
Rewards and recognitions Work-life balance
Volunteering opportunities Wages and benefits
Business partners / suppliers and
contractors
Contract agreements Payment processing cycles Technology enabled payment processing and cloud based services
Direct interactions Business ethics
Supplier meets Transparency
Membership in industry associations
Compliance
Communities & NGO’s
Direct engagement Infrastructure development Actively engaged by WFHK across areas such as education, healthcare, sanitation, environment conservation and livelihoods
Dedicated CSR team Education & healthcare
CSR projects and initiatives Environmental protection
Visits and camps Employment opportunities
Community needs assessments Human rights
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SECTION A: GENERAL INFORMATION ABOUT THE COMPANY
Corporate Identification Number (CIN) of the Company
L17110GJ1985PLC033271
Name of the Company
Welspun India Limited (WIL)
Registered Address
Welspun City, Village Versamedi, Taluka Anjar, District, Kutch, Gujarat 370 110, India
Website http://www.welspunindia.com/
E-mail Id [email protected].
Financial Year reported
2018-19
Sector(s) that the Company is engaged in (industrial activity code-wise)
Manufacture of other textiles
NIC code: 139 – 1393, 1392, 1399
List key products/services that the Company manufactures/ provides (as in balance sheet)
1. Towels
2. Bed sheets
3. Rugs
4. Top of bed
Total number of locations where business activity is undertaken by the CompanyNumber of International Locations
(Provide details of major 5)
1. United States
2. United Kingdom
3. Germany
4. Mauritius
5. Cyprus
Number of National Locations
1. Mumbai, Maharashtra
2. Anjar, Gujarat
3. Vapi, Gujarat
Markets served by the Company - Local/State/National/International
We serve both the national and international market
BRR Index
SECTION B: FINANCIAL DETAILS OF THE COMPANY
1. Paid up Capital (1,004,725,150)
2. Total Turnover (` 53,952,638,431)
3. Total profit after taxes (1,417,649,627)
4. Total CSR Expenditure INR 1137.10 lakh
List of activities on which CSR expenditure has been incurred:
Refer to chapter ‘Creating sustainable communities’ on pg. 11
SECTION C: OTHER DETAILS
1. Does the Company have any Subsidiary Company/ Companies?
Yes, we have 23 subsidiaries.
These include:
1. Welspun Global Brands Limited
2. Welspun Captive Power Generation Limited
3. Welspun Zuchhi Textiles Limited
4. Anjar Integrated Textiles Park Developers Private Limited
5. Besa Developers and Infrastructure Private Limited
6. Welspun Anjar SEZ Limited
7. Welspun Flooring Limited
8. Welspun USA INC, USA
9. Welspun Holdings Private Limited, Cyprus
10. Welspun Mauritius Enterprise Limited, Mauritius
11. Novelty Home Texiles SA de CV, Mexico
12. Welspun Home Textiles UK Ltd, UK
13. CHT Holdings Limited, UK
14. Christy Home Textiles Ltd, UK
15. Welspun UK Limited, UK
16. Christy 2004 Limited, UK
17. Christy Lifestyle LLC, USA
18. Christy Welspun GmBH Germany
19. ER Kingsley (Textiles) Ltd, UK
20. Christy UK Ltd, UK
21. Welspun Nexgen Inc, USA
22. Welspun Advanced Materials Limited
23. TILT Innovations Inc., USA
96 | Annual Report 2018-19
2. Do the Subsidiary Company/Companies participate in the BR Initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s)
The subsidiaries actively manage and carry out their own BR initiatives, which are in line with the policies of the Welspun Group and Welspun India Limited.
3. Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with, participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity/entities? [ Less than 30%, 30-60%, More than 60%]
Currently, the suppliers/ vendors and distributors do not participate in our BR initiatives. However, we have shared our relevant policies with all our suppliers and business partners and they are expected to adhere to them.
SECTION D: BR INFORMATION
1. Details of Director/ Directors responsible for BR?
1.1. Details of the Director/ Directors responsible for implementation of the BR policy/policies
1. DIN Number 00007179
2. Name Mr. Rajesh Mandawewala
3. Designation Managing Director
1.2. Details of the BR head
1. DIN Number 00007179
2. Name Mr. Rajesh Mandawewala
3. Designation Managing Director
4. Telephone Number
02836-662079
5. Email Id [email protected].
Businesses should conduct and govern themselves with ethics, transparency and accountability
Principle 01
Businesses should respect the interests of, and be responsive towards all stakeholders
Principle 04
Businesses, when engaged in influencing public and regulatoty policy, should do so in Ci responsible manner
Principle 07
Businesses should provide goods and services that are safe and contribute to sustain ability throughout their life cycle
Principle 02
Businesses should respect and promote human rights
Principle 05
Businesses should support inclusive growth and equitable development
Principle 08
Businesses should promote the wellbeing of all employees
Principle 03
Businesses should respect, protect, and make efforts to restore the environment
Principle 06
Businesses should engage with and provide value to their customers and consumers in a responsible manner
Principle 09
The National Voluntary Guidelines on Social, Environment and Economic Responsibilities of Business (NVGs), released by the Ministry of Corporate Affairs, is composed of nine principles of Business Responsibility.
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2. Principle-wise (as per NVGs) BR Policy/policies
No. Questions P1
P2
P3
P4
P5
P6
P7
P8
P9
1. Do you have policy/policies for#.... Y Y Y Y Y Y NA Y Y
2. Has the policy being formulated in consultation with the relevant stakeholders?
Y Y Y Y Y Y NA Y Y
3. Does the policy confirm to any national/ international standards? If yes, specify?
Y Y Y Y Y Y NA Y Y
4. Has the policy being approved by the Board? If yes, has it been signed by the MD/owner/CEO/ appropriate Board member?
Y N N N N N NA Y N
5. Does the Company have a specified committee of the Board/Director/Official to oversee the implementation of the policy?
Y Y Y N N Y NA Y N
6. Indicate the link for the policy to be viewed online?* All policies are shared directly with respective stakeholders. Some of our policies are available at http://www.welspunindia.com/advance-textile.php#/about-us.php#We_at_Welspun
7. Has the policy been formally communicated to all relevant internal and external stakeholders?
Y Y Y Y Y Y NA Y Y
8. Does the Company have in-house structure to implement the policy/policies?
Y Y Y Y Y Y NA Y Y
9. Does the Company have a grievance redressal mechanism related to the policy/policies to address stakeholders’ grievances related to the policy/ policies?
Y Y Y Y Y Y NA Y Y
10. Has the Company carried out independent audit/evaluation of the working of this policy by an internal or external agency?
N Y N N N Y NA Y N
Notes: # WIL has the following policies covering the 9 principles: Criteria for making payments to non-executive directors, Modern Slavery Act Transparency Statement, Dividend Distribution Policy, Code of Conduct Insider Trading Policy, Code of Fair Disclosure, Policy on Related Party Transactions, WIL Whistleblower Policy and Vigil Mechanism, Policy on Material Subsidiary, Code of Conduct and Ethics, Familiarization Program, CSR Policy, Records and Archival Management Policy, List and threshold of dissemination of information to the stock exchanges, Environmental Management Policy (Vapi & Anjar) and Human Resources Policy.
If answer to S. No. 1 against any principle, is ‘No’, please explain why:
No. Questions P1
P2
P3
P4
P5
P6
P7
P8
P9
1. The Company has not understood the Principles
NA
2. The Company is not at a stage where it finds itself in a position to formulate and implement the policies on specified principles
3. The Company does not have financial or manpower resources available for the task
4. It is planned to be done within next 6 months
5. It is planned to be done within the next 1 year
6. Any other reason (please specify)
98 | Annual Report 2018-19
3. Governance related to Business Responsibility
a) Indicate the frequency with which the Board of Directors, Committee of the Board or CEO to assess the BR performance of the Company.
The Board of Directors meet every quarter to
discuss applicable BR issues and assess the
BR performance of the company.
b) Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published?
This is WIL’s third annual Business
Responsibility Report and is available on the
company website.
SECTION E: PRINCIPLE-WISE PERFORMANCE
Principle 1:
Businesses should conduct and govern themselves with ethics, transparency and accountability
1. Does the policy relating to ethics, bribery and corruption cover only the company? Yes/ No. Does it extend to the Group/Joint Ventures/ Suppliers/ Contractors/NGOs / Others?
WIL’s Code of Conduct is applicable to our
business partners, vendors and contractors, and
we ensure that they are aware of, understand and
adhere to its standards. Furthermore, we have a
clause incorporated in supplier agreements which
informs them of our policy of zero tolerance
towards any unethical practices
Refer to chapter ‘Governance’ on pg. 4
2. How many stakeholder complaints have been received in the past financial year and what percentage was satisfactorily resolved by the management?
In FY2018-19, 41 complaints were received from
shareholders/ investors and 37 of these were
replied/ resolved to their and 4 complaints were
pending to be resolved as at March 31, 2019. Also,
there was no complaint reported by any Director
or employee of the company under our vigil/
whistle blower mechanism.
Complaints from external stakeholders like
suppliers and contractors are raised directly to
business teams and are addressed by them on a
case by case basis.
Principle 2:
Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle
We have carried out Life-Cycle-Assessments (LCA) for our products to help us identify improvement opportunities and align product design and innovation towards reducing environmental impacts from cradle to grave. We also engage with our supply chain to promote best practices and minimize impacts right from sourcing raw materials to delivering our products to customers.
Furthermore, we have also aligned the manufacturing of certain amount of products to be as per Global Organic Textile Standard (GOTS) and our facilities in Anjar and Vapi are OEKO-TEX® Standard 100 certified and follow the REACH regulations that restrict the use of harmful substances in our manufacturing processes. Initiatives to reduce the impact of our operations are incorporated from the early stages of production.
Refer to chapter ‘Working responsibly’ on pg 4 and ‘Caring for the environment’ on pg 13.
1. List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or opportunities.
Refer to chapter ‘Working responsibly’ on pg 4.
2. For each such product, provide the following details in respect of resource use (energy, water, raw material etc.) per unit of product (optional)
WIL has undertaken several initiatives for managing the amount of energy and water used across our operations and during producing our products.
Details of these initiatives have been provided under the chapter ‘Working responsibly’ on pg 4 and ‘Caring for the environment’ on pg 13.
3. Does the company have procedures in place for sustainable sourcing (including transportation)? If yes, what percentage of your inputs was sourced sustainably? Also, provide details thereof, in about 50 words or so.
Please refer to chapter ‘Governance’ on pg 4 and ‘Caring for the environment’ on pg 13.
4. Has the company taken any steps to procure goods and services from local & small producers, including communities surrounding their place
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of work? If yes, what steps have been taken to improve their capacity and capability of local and small vendors?
SPUN is an initiative by WIL to change the lives of women of the Great Rann of Kutch by co-opting them into the revival of the dying arts and crafts of the region. Products are fashioned at our local village centers and are marketed with the aim of creating a global brand identity with a contemporary edge, rooted in handcrafted traditions and home-grown aesthetics. By reviving traditional arts and indigenous techniques such as block printing, kantha embroidery, mirror work and applique techniques, this project seeks to connect rural women artisans and craftsman with urban markets.
We acknowledge and promote local procurement for economic development of the region. We also work with local businesses and generate productive local employment by hiring talent from near our locations to meet requirements for services like waste handling, housekeeping, logistics and machine operations.
5. Does the company have a mechanism to recycle products and waste? If yes what is the percentage of recycling of products and waste (separately as <5%, 5-10%, >10%)
While we have systems in place to recycle water, we are expanding our recycling capabilities. We have entered into a concession agreement with Anjar Nagar Palika (ANP) and Gandhidham- Adipur Nagar Palika (GNP) have set up a 30 MLD sewage treatment plant in order to recycle and reuse the wastewater generated in these cities. This would enable recycling and reusing of sewage water which will be used for our operations thus decreasing the intake of freshwater for our manufacturing processes. By the end of 2025, we aim to meet our total fresh water entirely by treated RO processed water from this sewage treatment plant.
Our ‘Waste Water Recovery’ plant at Anjar has multiple series of treatment stages that manages effluents, and thereby helps in recovery of waste water.
We also focus on intelligent recycling of waste and we adhere to the 3R and D system i.e. Reduce, Reuse, Recycle and Disposal. We reuse the waste as an alternate source of material, which can be
consumed in other operations of our business. At Anjar, we reuse coal ash, which is a waste generated from our operations. Instead of landfill disposal, bricks are now made from fly ash which are utilized in building worker colonies near our operations in Anjar.
We have installed a biogas plant at Anjar that converts bio degradable waste to energy. The kitchen waste as well as horticulture waste is sent to the biogas plant that generates energy for cooking meals in our canteen at Anjar.
Fabric waste that is left out after cutting, is reused used as packaging bags for covering products like pillow cases and bed sheets instead of plastic packaging.
Some of our other initiatives include recycling of PET bottles that are sent to Stree Mukti Sanghatana, a local women’s Self-Help Group for recycling, and we have been using recycled notepads in training centres made from paper waste generated from our corporate office.
Principle 3:
Businesses should promote the wellbeing of all employees
1. Total number of
employees
20,028
2. Total number of
employees hired
on temporary/
contractual/ casual
basis
17
3. Number of permanent
women employees
5211
4. Number of permanent
employees with
disabilities
5. Do you have an
employee association
that is recognized by
management?
All employees at our
facilities in Vapi are
members of an employee
association.
6. Percentage of your
permanent employees
is members of this
recognized employee
association?
7. Number of complaints relating to child labour,
forced labour, involuntary labour, sexual
harassment in the last financial year and pending,
as on the end of the financial year
100 | Annual Report 2018-19
No. Category Complaints filed during the financial year
Complaints pending as on end of the financial year
(i) Child labour/ forced labour/ involuntary labour
0 0
(ii) Sexual Harassment
(iii) Discriminatory employment
0 0
8. Percentage of your under mentioned employees were given safety & skill up-gradation training in the last year?
WIL pursues the highest standards of employee engagement by imparting their workforce with requisite skills training and providing resources essential to perform their job functions, thus reinforcing an environment of excellence through learning and development.
Key skills development initiatives in FY 2018-19:
Category Total man-hours of safety training
in FY 2018-19Employee 257
Contractual workforce 0
Principle 4:
Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised
1. Has the company mapped its internal and external stakeholders? Yes/No
Refer to chapter ‘Collaborating with stakeholders’
on pg 17.
2. Out of the above, has the company identified the disadvantaged, vulnerable & marginalized stakeholders?
Yes, we have identified disadvantaged, vulnerable
& marginalized stakeholders which include, rural
communities, individuals with disabilities and
special needs, women and the youth.
Refer to chapter ‘Creating healthy communities’
on pg. 15 and ‘Collaborating with stakeholders’ on
pg 17.
3. Are there any special initiatives taken by the company to engage with the disadvantaged, vulnerable and marginalized stakeholders? If so, provide details thereof, in about 50 words or so.
• Employing people with special needs:
We aim to further increase the disabled
employee count by 5% in the next few years
as per our effort to integrate them into the
mainstream. In addition to providing special
training for hearing and speech impaired
employees, they are given a special pouch
with a whistle and a notepad to enable them
to communicate with other employees. All
staff members are trained in sign language
and sensitized toward the needs of these
employees.
• Promoting gender diversity: A significant
section of our employees at our Anjar and Vapi
plants are women and it is fairly common for
them to leave their jobs after getting married.
To encourage them to continue working we
provide married couples accommodation
on priority. In addition, we have trained and
employed women at our eight CSR centres
at our plant. We also provide trained women
with flexible “work from home” employment
options. Further to that, we aim to increase
the women employees at our locations to
30% in the coming few years. A special girls’
hostel has been set up in Anjar and Vapi.
• Community outreach: Our social impact
programmes are implemented through
the Welspun Foundation for Health and
Knowledge (WFHK), which is active
wherever we have a business presence. Refer
to chapter ‘Creating healthy communities’ on
pg. 15 for details of our CSR initatives.
Principle 5:
Businesses should respect and promote human rights
Human rights issues relevant to our operations are
covered under our Code of Conduct and Ethics
Policy, Prevention of Sexual Harassment (POSH)
Policy, Whistle-blower Policy and Human Resource
related policies and practices. These policies ensure
that human rights are not violated and there is zero
tolerance for human rights violations at WIL.
We are committed to respecting the rights of
individuals, and treat our people with trust, respect
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and dignity. With a view to promote the rights of our people and enable a decent and ethical work place, our locations are SA8000 certified.
1. Does the policy of the company on human rights cover only the company or extend to the Group/Joint Ventures/Suppliers/Contractors/ NGOs/Others?
Our code of conduct promotes respect for human rights and we provide a free, fair and a discrimination free environment to our employees. We encourage our employees to raise any concern they may have and we have laid down procedures for addressing such concerns. Under our whistle blower policy, a fair and a transparent mechanism has been provided to report any violation to our code of conduct.
We do not deal with any supplier/contractor if it is in violation of local laws pertaining to human rights and we do not employ any person below the age of 18. Use of forced or compulsory labour is prohibited at any of our units and we discourage the same with our suppliers and contractors.
The above policies apply to WIL and are extended to subsidiaries and business partners. Relevant policies are shared with our suppliers and contractors and they are expected to uphold human rights.
2. How many stakeholder complaints have been received in the past financial year and what percent was satisfactorily resolved by the management?
There were no complaints related to human rights issues like child labour, forced or involuntary labour or discriminatory employment or sexual harassment in FY2018-19.
Principle 6:
Businesses should respect, protect, and make efforts to restore the environment
1. Does the policy related to Principle 6 cover only the company or extends to the Group/Joint Ventures/Suppliers/Contractors/NGOs/others
WIL strives at all levels to conserve natural resources and energy. Optimization of consumption and well planned wastage control & recycling measures are implemented at all facilities. Going beyond just compliance with applicable Health, Safety and Environment (HSE) legislations, we strive
to ensure that all managerial decisions including selection/procurement of materials, machinery equipment, placement of personnel and setting up of projects are integrated with the broader goals of our CSR policy
Our approach to environmental management extends to our subsidiaries and covers our suppliers or contractors.
2. Does the company have strategies/initiatives to address global environmental issues such as climate change, global warming, etc.? Y/N. If yes, please give hyperlink for webpage etc.
We are aware of the fast depleting natural resources and are making efforts to judiciously and efficiently use the available resources in our operations. In order to make our business sustainable in the long run, we are continuously putting in efforts to minimize our energy consumption and improving the green cover around our operation.
WIL has undertaken several initiatives in the areas of renewable energy, energy efficiency, emissions management and water management across locations to minimize its environmental impact.
Refer to chapter ‘Protecting the planet’ on pg. 13
3. Does the company identify and assess potential environmental risks? Y/N
Yes, Environmental risk related to climate change, energy, waste & water management has been identified & necessary steps have been taken to mitigate them.
4. Does the company have any project related to Clean Development Mechanism? If yes, whether any environmental compliance report is filed?
No, we do not have any Clean Development Mechanism (CDM) projects.
5. Has the company undertaken any other initiatives on – clean technology, energy efficiency, renewable energy, etc. Y/N. If yes, please give hyperlink for web page etc.
Yes, we have taken several initiatives across our operations in areas related to energy efficiency, emissions management and water management.
Refer to chapter ‘Protecting the planet’ on pg. 13
102 | Annual Report 2018-19
6. Are the Emissions/Waste generated by the company within the permissible limits given by CPCB/SPCB for the financial year being reported?
Yes, the emissions and waste generated were
within permissible limits given by CPCB/SPCB.
7. Number of show cause/legal notices received from CPCB/SPCB which are pending (i.e. not resolved to satisfaction) as on end of Financial Year.
We did not receive any show cause/legal notices
from CPCB/SPCB during FY2018-19 and there are
no pending as of end of FY 2018-19.
Principle 7:
Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner
1. Is your company a member of any trade and chamber or association? If Yes, Name only those major ones that your business deals with.
Refer to chapter ‘Collaborating with stakeholders’
on pg. 17.
2. Have you advocated/lobbied through above associations for the advancement or improvement of public good? Yes/No; if yes specify the broad areas (drop box: Governance and Administration, Economic Reforms, Inclusive Development Policies, Energy security, Water, Food Security, Sustainable Business Principles, Others)
NA
Principle 8:
Businesses should support inclusive growth and equitable development.
1. Does the company have specified programmes/ initiatives/ projects in pursuit of the policy related to Principle 8? If yes, details thereof.
Our CSR activities are carried out through
Welspun Foundation for Health and Knowledge
(WFHK), which is active wherever we have a
business presence. WFHK works across a diverse
spectrum spanning sustainable livelihood, hygiene
and sanitation, health, education and gender.
Refer to chapter ‘Creating healthy communities’
on pg. 15.
2. Are the programmes/projects undertaken through in-house team/own foundation/external NGO/ government structures/any other organization?
Our social programmes are implemented through the Welspun Foundation for Health and Knowledge (WFHK), which is active wherever we have a business presence.
3. Have you done any impact assessment of your initiative?
WFHK has engaged an external consultant to carry out impact assessments of our corporate social responsibility projects.
4. What is your company’s direct contribution to community development projects - Amount in INR and the details of the projects undertaken?
CSR expenditure in FY 2018-19 INR 1137.10 lakh.
5. Have you taken steps to ensure that this community development initiative is successfully adopted by the community? Please explain in 50 words, or so.
All our initiatives, whether implemented directly
by WFHK or in partnership with another agency,
are meant to address the direct needs of the
intended beneficiaries. Since the projects are
linked to the needs of the communities they are
meant to serve, community buy-in is ensured in
this manner.
Principle 9:
Businesses should engage with and provide value to their customers and consumers in a responsible manner
1. What percentage of customer complaints/ consumer cases are pending as on the end of financial year.
No cases or complaints were filed or are pending
as on end of FY 2018-19.
2. Does the company display product information on the product label, over and above what is mandated as per local laws? Yes/No/N.A./Remarks (additional information)
Yes, certain requirements on the usage of product
and specifications of the product are clearly
mentioned depending on the customer base to
which the product caters to. Also, customers
are kept informed specifically on wash care
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requirements and environmental credentials
(eg. OEKO-TEX® Standard 100, GOTS, Organic
Content Standard) as applicable specifically for
products in our environmental portfolio.
3. Is there any case filed by any stakeholder against the company regarding unfair trade practices, irresponsible advertising and/or anti-competitive behaviour during the last five years and pending as on end of financial year?
No cases or complaints were filed or are pending
as on end of FY 2018-19.
4. Did your company carry out any consumer survey/ consumer satisfaction trends?
We endeavour to raise customer satisfaction
levels, provide consistent product delivery
experience and provide timely redressal to
customer complaints and concerns. Individual
departments seek feedback depending on the
specific products, the feedback we obtain is
used to ensure that we deliver the best to our
customers.